The ideas that I trade by:

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 1:59 pm

TheRumpledOne wrote:What indicator are you using to draw your levels?


I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.

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TheRumpledOne
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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 2:57 pm

Thanks MO.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Jun 21, 2016 3:40 pm

MightyOne wrote:
TheRumpledOne wrote:Hey MO:

Did you get my latest email?


TRO wrote:...
What are the reasons you would enter long?

What are the reasons you would enter short?


It is easy to see but difficult to explain, TRO.

Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png


Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?
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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 4:27 pm

Jalarupa wrote:
Hey MO,

When you add, what's the math for adjusting stop space if you not doubling? Or are you only doubling to KIS?


Increasing by a third is (3/4) or 25% less space (space = 75%).

Let's test it out:

$1 * 10 = $10
$1.334 * (10 * .75) = $10.

Trading 3 or more pairs and then increasing them by a third is the new double.
Last edited by MightyOne on Tue Jun 21, 2016 4:31 pm, edited 1 time in total.

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Jalarupa
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Re: The ideas that I trade by:

Postby Jalarupa » Tue Jun 21, 2016 4:30 pm

Thanking you! :D
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Re: The ideas that I trade by:

Postby Sacrophage » Tue Jun 21, 2016 5:54 pm

MightyOne wrote: Simply be more selective with which horizontal lines you trade; try and get in on a larger
idea rather than trading every possible trigger.

I use a 3.5 line stop loss:

if line #24 is touched then my stop is at 24.5 and I can short 23, 22, or 21.
If line #25 then my stop is 25.5 and I can short 24, 23, or 22.
Price makes a BI to 21, stop at 21.5,...
If price makes a BI to 22+ then stop might go to 25.5.
It is the idea that one simply enters within the space of acceptable risk.

EURUSD_BAR.png


Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...

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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 6:17 pm

Sacrophage wrote:
Looking pretty darned objective there, Mighty! Why would you NOT enter at your first potential entry line? Say, line 24 touch but decide not to enter on 23...


It is based on 2 line reversal HL P&F charts.

There are times when you take 1 line reversals, but that time is not every time.

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Re: The ideas that I trade by:

Postby TheRumpledOne » Tue Jun 21, 2016 6:19 pm

MightyOne wrote:
TheRumpledOne wrote:What indicator are you using to draw your levels?


I use the EIGHTSv4 indicator.

EDIT: Lines spaced to 2.5% of the median weekly range is what I define as "short term" trading.


As usual, I can't figure out what you're doing and why!!

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Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!! What exactly am I missing?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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MightyOne
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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 6:49 pm

TheRumpledOne wrote:
As usual, I can't figure out what you're doing and why!!

Eights and Sweetspots are loaded. What is the (significant) difference? I do not SEE it!!


You are looking at it as a thing instead of what it is; nothing, "space", money management.

I might risk .3% per line where each line is 8 pips apart.
I might then increase my size so that I am making .4% per line where each line is 6 pips apart.

Space is simply the visualization of money management.

What is the difference between EIGHTS and SSG? Comments and numbering lines from a point of origin.

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Re: The ideas that I trade by:

Postby MightyOne » Tue Jun 21, 2016 7:04 pm

Ideas are not hard as the head is not soft.

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